3 Review(s)

Indian economy has come a long way since India’s Independence in 1947. Although the major problems of poverty, unemployment, unequal distribution of wealth, and inadequate infrastructure still continue to persist, the fact cannot be denied that a rapid development is being made in many important areas. Some landmark policy decisions like delicensing, and prudent monetary and fiscal measures taken by the government, have put the economy on a higher growth path. In fact, the country’s annual GDP growth has been quite remarkable since the initiation of economic reforms in the 1990s.